All of the Following Are True EXCEPT

Multiple Choice

All of the following are true EXCEPT

A) Corporations may pay taxes on only 30 percent of the dividends received from other corporations, depending on their percentage of ownership.
B) Corporations pay taxes on all dividends received from other corporations, regardless of their share of ownership.
C) Capital gains is taxed as ordinary income.
D) Interest income received by a corporation is taxed as ordinary income.